RBC: Here's the One Thing Could Derail the Bull Market
Don't worry—it's not happening yet
Wage growth is picking up.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
It's been more than 1,300 days since the last market correction of more than 10 percent, yet Bloomberg reports today that U.S. stock strategists are sticking to their forecasts for the S&P 500 Index to rise 5.8 percent by yearend.
That's the most optimistic call since 2011 and that cheerfulness comes despite rather big headwinds like the situation around Greece and a looming interest rate hike by the Federal Reserve.